press release

Hut 8 Fully Commercializes 1 GW Beacon Point AI Data Center Campus with Second 352 MW IT Lease, Bringing Campus-Level Base-Term Contract Value to $19.6 Billion

Jul 20, 2026
Posted by  Hut 8

  • 15-year, 352 MW IT lease doubles the existing high-investment-grade tenant’s contracted capacity to 704 MW
  • Total contracted IT capacity across Hut 8’s AI data center portfolio rises to 949 MW, supported by 1,330 MW of utility capacity, with aggregate base-term contract value of $26.6 billion and average annual NOI of more than $1.75 billion
  • 100% of Hut 8’s contracted AI data center capacity is leased to or backstopped by investment-grade counterparties
  • Renewal options increase potential campus-level contract value to $50.2 billion
Beacon Point Data Center Campus: Preliminary Rendering
Beacon Point Data Center Campus: Preliminary Rendering